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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

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Share Price: 152.00
Bid: 151.80
Ask: 152.10
Change: 2.20 (1.47%)
Spread: 0.30 (0.198%)
Open: 149.40
High: 153.50
Low: 149.40
Prev. Close: 149.80
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Wood Group wins Kashagan oil field equipment support deal

Thu, 03rd Apr 2014 13:26

(Adds details)

LONDON, April 3 (Reuters) - British energy service firm WoodGroup said it had won a contract to support gas turbinesand compressors on Kazakhstan's troubled Kashagan oil field,where conditions make extreme demands on equipment.

The eight-year contract, which began in January, will beexecuted by a joint venture between Wood Group and Kazakhservice firm KazTurboRemont.

It is the biggest contract to date won by Wood Group's gasturbines division - GTS - and will involved maintaining andrepairing 15 gas turbines, as well as all driven equipment,steam turbines, standby diesels and compressors, the companysaid on Thursday.

Kashagan, a $50 billion project that is expected to produce75,000 barrels per day, has been offline since October whenonshore pipes carrying corrosive gases sprang leaks and broughtproduction to a halt just one month after the start-up. Noproblems have been reported with the compressors.

The project is among one of the world's most technologicallyambitious, with the oil 4,200 metres (4,590 yards) below theseabed at very high pressure and the associated gas mixed withsome of the highest concentrations of toxic, metal-eatinghydrogen sulphide (H2S) ever encountered.

In order to overcome the high pressures and H2S content,specific compressors had to be developed for Kashagan, Total, a member of the operating consortium, said on itswebsite.

Two of the compressors are known among the thousands ofworkers on Kashagan as "the widow maker" and "the rotatingbomb", which a consortium spokesman pointed out refer not tounsafe working conditions but to their complexity. (Reporting by Stephen Eisenhammer; editing by Jane Baird)

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MILAN, Feb 23 (Reuters) - Wood Group shares rallied more than 30% on Thursday after the British energy services provider said it had received and then rejected three unsolicited takeover proposals from U.S. private equity group Apollo Global Management.

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22 Feb 2023 17:49

Wood Group rejects takeover offer from Apollo

(Sharecast News) - Wood Group said on Wednesday that it has rejected three unsolicited, preliminary and conditional takeover proposals from Apollo Global Management.

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TOP NEWS: John Wood rejects GBP1.6 billion Apollo takeover approach

(Alliance News) - John Wood Group PLC on Wednesday said it has rebuffed three unsolicited proposals for a takeover by Apollo Global Management Inc.

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(Alliance News) - Morgan Advanced Materials PLC on Wednesday named former John Wood Group PLC chair and SSE PLC chief executive officer Ian Marchant as its new chair.

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(Alliance News) - John Wood Group PLC on Thursday said results for 2022 were in line with guidance.

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Wood Group ends year in line with guidance

(Sharecast News) - John Wood Group said in an update on Thursday that its results for 2022 were in line with guidance for revenue, adjusted EBITDA and net debt.

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(Alliance News) - Vesuvius PLC on Thursday appointed John Wood Group PLC's Mark Collis as its new chief financial officer.

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(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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(Alliance News) - Stock prices in London opened lower on Friday morning as investors digested a slew of interest rate decisions from a number of major central banks.

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Jefferies upgrades Wood Group to 'buy'

(Sharecast News) - Jefferies upgraded Wood Group on Monday to 'buy' from 'hold' and hiked the price target to 190p from 150p.

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LONDON BROKER RATINGS: Jefferies raises John Wood to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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